Nebraska § 18-824 - Board; rehabilitate, reconstruct, and modernize system; establish depreciation policy.
Full text of Nebraska Revised Statutes of Nebraska § 18-824 — Board; rehabilitate, reconstruct, and modernize system; establish depreciation policy., with citation guidance and answers to common questions.
§ 18-824. Board; rehabilitate, reconstruct, and modernize system; establish depreciation policy.
(1) The board shall, as promptly as possible, rehabilitate, reconstruct, and modernize all portions of any transportation system acquired by the regional metropolitan transit authority, maintain at all times an adequate and modern public transit system suitable and adapted to the needs of the municipality or municipalities that form such authority, and provide for safe, comfortable, convenient, and expeditious transit service.
(2) To ensure a modern, attractive public transit system, the board may establish a depreciation policy which makes provision for the continuous and prompt replacement of worn out and obsolete property. The board may make provision for such depreciation of property as is not offset by current expenditures for maintenance, repairs, and replacements under such rules and regulations as may be prescribed by the board.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 18-824
What does Revised Statutes of Nebraska § 18-824 cover?
Section 18-824 ("Board; rehabilitate, reconstruct, and modernize system; establish depreciation policy.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 18-824?
A common citation format is "Revised Statutes of Nebraska § 18-824" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 18-824 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.